Wednesday, 25 March 2020

How to make money from book sales

How to make money from book sales







How to make money from book sales

As a book author, it is very easy to imagine that your books will sell millions of copies while you retire at a private island and spend the rest of your life on the royalties made from your book sales.
In reality this is not so. What is easily obtained is that a book author barely makes more than minimum wage. 

Traditionally, you receive an advance and 10 percent royalties from the net profits.
For instance, if you got an advance of $5000, you will need to sell 4000 copies at $25 each to breakeven. Do not be dismayed. It is still possible to make money from writing. Let the stories of JK. Rowling, James Patterson and Daniel Steel inspire you. You definitely can still make a living as an author even though you have not sold a copy of the book.

There are other ways to make money from your book and one of the ways is the relationship you build with your readers. For instance, JK. Rowling and John Grisham made more money from TV and film adaptations of their book.

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Producers key in to reap from the successes of your relationship with your readers and seize the opportunity to give your fans a deeper experience with stories or authors they've come to love.

This is one avenue many lesser authors key in using their books as an ambassador. Your book can be used to open bigger doors you never thought of.

Once you have a good relationship with your readers and can contact them through emails or any other means, though email is the best way currently, you can actually sell anything to them.

So work on your relationship with your readers and try to get their emails. Getting their emails means you have successfully created a new market for your self. That market can be used to sell anything related to what you do.

To get their emails, you need to be creative. You will need to design a landing page and give out something of value for free in exchange for their emails. There are authors who have given out the first series of their book. Just look for something of value and give out, you will never regret you did.
Use these emails to create a new budding relationship with your readers.

I know that it is difficult to give out something after spending hours to create, but this is one way that can guarantee your financial freedom.

In conclusion, you don't necessarily need to make money from actual book sales, but from the relationships created. So, go ahead and build relationships and trust around your personality and business.

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